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NAW Institute for Distribution Excellence Announces Optimizing Channel Profitability: A Playbook to Align Manufacturer– Distributor–Customer Relationships

(October 10, 2019, Washington, DC) — The NAW Institute for Distribution Excellence is pleased to announce its newest, groundbreaking research study, Optimizing Channel Profitability: A Playbook to Align Manufacturer–Distributor–Customer Relationships, based on a consortium conducted by Texas A&M University’s Global Supply Chain Laboratory. Please go to www.naw.org/ocp or call 202.872.0885 to learn more and to order copies.  Quantity discounts of 15–50% apply when ordering two or more copies.

As manufacturers face new competitive challenges, distributors alter their capabilities, and customers change their requirements, the path forward keeps shifting.

Many manufacturers have not updated their channel policies in a decade, while wholesaler distributors have undergone significant changes in terms of online disruptions by non-traditional competitors, multi-generational workforce dynamics, digital transformation challenges, evolving salesforce structure, and so forth.

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December Fastener Training Week Comes to Los Angeles Area

SANTA CLARITA, CA (Oct. 3, 2019) – Fastener Training Week, an advanced technical training program, is scheduled Dec. 2-6 in La Miranda, CA. This LA area training is for fastener distributors and manufacturers, end users and original equipment manufacturers. The course is offered by The Fastener Training Institute, a leading non-profit organization that provides training on fastener products and standards, in partnership with the Industrial Fasteners Institute.

Instead of seven separate one-day classes, Fastener Training Week offers five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the Certified Fastener Specialist™ (CFS) designation.

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EEOC Extends Deadline for Filing Compensation Data

A NAW Legal Advisory

As we first reported in a Legal Advisory in April, the EEOC was ordered by a DC District court to begin collecting compensation data from all covered employers (this data is in addition to the demographic data already required to be filed).  Click here to see NAW’s Legal Advisory.

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Final Overtime Rule Released

A NAW Legal Advisory:

After several years of rulemaking, and successful legal challenges by NAW and others which resulted in a second round of rulemaking, the Wage and Hour Division (WHD) of the Department of Labor (DoL) on Friday published a final rule “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees” – the EAP or so-called “White Collar exemptions” from minimum wage and overtime pay requirements – under the Fair Labor Standards Act (FLSA.).

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Ian Clarke appointed as President of General Fasteners Company

LIVONIA, MI, September 3, 2019 – General Fasteners Company (GFC), a full-service distributor of fasteners and assembly components for manufacturers, is pleased to announce the appointment of Ian Clarke as President of General Fasteners Company and General Fasteners de México.

Ian comes to GFC with over 35 years of success in the fastener distribution and manufacturing industries. His impressive credentials align with GFC’s Board of Directors’ objective of creating a culture of growth based on superior customer service and operational excellence.

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Final Rule: Overtime Update

On September 24, 2019, the U.S. Department of Labor announced a final rule to make 1.3 million American workers newly eligible for overtime pay.

The final rule updates the earnings thresholds necessary to exempt executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements, and allows employers to count a portion of certain bonuses/commissions towards meeting the salary level. The new thresholds account for growth in employee earnings since the thresholds were last updated in 2004.

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EFC International Launches Power BI, Linked to SAP and CRM

ST. LOUIS, MISSOURI. September 12, 2019 - Engineered fastener and components distributor, EFC International, continues to “Redefine the World of Distribution”, exhibited in part by the company’s recent implementation of Power BI (from Microsoft). Power BI is linked to their internal SAP operating system and CRM software.

EFC has been at the leading edge of the industrial distribution industry, embracing and implementing advanced innovative technology and digital transformation. Matt Dudenhoeffer, CEO, stated “EFC’s implementation of Power BI provides our team with a powerful business analytics tool that delivers real-time interactive dashboards customized to our business strategy and performance metrics. Our SAP and CRM systems are incredibly versatile in enabling customized reports for our suppliers and customers, and now we can take that a step further with interactive visualizations through a simple interface.”

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Kevin Queenin Awarded NFDA’s 2019 Fastener Professional of the Year Award

The National Fastener Distributors Association is pleased to announce the 2019 recipient of its Fastener Professional of the Year award is Kevin Queenin of Specialty Bolt & Screw (Agawam, Massachusetts).

The Fastener Professional of the Year award was created by NFDA to honor individuals and companies that make a substantial positive impact on people’s lives. The inaugural award in 2017 was presented to Robbie Gilchrist of Capital Marketing (High Point, North Carolina). In 2018 Jim Ruetz of AIS (Franksville, Wisconsin) was honored.

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EFC International Swing Couplings - Improve Your Production Costs

EFC International provides safe and high quality swing couplings for hydraulic, pneumatic, vacuum, gas, chemical fluid and water applications. The swing couplings are manufactured with the latest technologies to provide production methods that achieve efficiency, increase plant safety, improve productivity and save costs for industrial connections.

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Rotor Clip: Celebrating 10 Years of Wave Springs with one TINY announcement

We're celebrating 10 years of manufacturing the world's best Wave Springs this summer with one TINY announcement!
Rotor Clip's proud to announce that we are able to produce wave springs as small as 3mm O.D.!

(That's .118 inches)

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Press Ball Valves from Midland Industries

 

Midland Industries is happy to announce our new Press Ball Valves are coming soon. The Press Ball Valves will be ready to ship on August 1st.

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Gilchrist Foundation Awards Scholarships

The Gilchrist Foundation has awarded three scholarships from the 2019 applicants. Congratulations to the recipients. We wish them well and are pleased to assist them with their education.

They are as follows and their sponsoring companies:

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NFDA awards scholarship for Fastener Training Week

The National Fastener Distributors Association (NFDA) recently awarded a scholarship for Fastener Training Week, an advanced fastener technical training program produced by the Fastener Training Institute, to Jeffrey Boushell, an outside sales representative for Wurth Revcar (Roanoke, Virginia).

Jeff’s supervisor, Jamie Farrell, says, “Jeff hit the ground running just over 12 months ago, capitalizing upon his sales training and experience from previous jobs. His intuitive mechanical abilities have allowed him to become an immediate asset to his existing customers. However, in the highly competitive fastener market, we want Jeff to stand out from the crowd.

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Doug Ruggles Elected NFDA President for 2019-2020

Doug Ruggles of Martin Fastening Solutions (Florence, Alabama) has been elected as the 2019-2020 president of the National Fastener Distributors Association. Adam Derry of Field (Machesney Park, Illinois) will serve as vice president, Kelly Charles of Sems & Specials (Rockford, Illinois) as associate chair, and Kelly Cole of Hayes Bolt & Supply (San Diego, California) will remain on the Board as immediate past president.

Three new Board members have been elected to serve on the NFDA Board: Don Haggerty of Lindstrom/Stelfast (Edison, New Jersey), Craig Penland of Eurolink FSS (Greer, South Carolina), and Jodie Thinnes of Copper State Bolt & Nut (Phoenix, Arizona).

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Würth Announces Partnership with The Fastener Training Institute

Würth Industry North America is pleased to announce its exclusive partnership with The Fastener Training Institute as the 2019 "Sustaining Sponsor" of FTI. This new level of sponsorship will help FTI fund both existing programs and develop the new content needed to grow. The generous support of Würth will be acknowledged throughout the year at FTI classes, webinars and industry events.

"We are excited to partner with FTI to ensure we provide the next generation of engineers and technicians with the knowledge they need to support their companies' growth and innovation", said Dan Hill, Chief Executive Officer for Würth Industry North America. "Würth prides itself on a long history of engineering expertise and appreciates FTI providing high quality fastener training for the industry."

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New Product Available - Fir Tree Cable Ties

Advanced Cable Ties is proud to announce the release of another high-quality product manufactured in the USA at its headquarters in Gardner, Massachusetts.

The market has spoken and ACT has once again delivered an innovative approach to an existing idea.  Engineers in many industries have asked for a Fir Tree Push-Mount Cable Tie with superior holding power.

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Assembled Products, Inc earns recognition as a John Deere “Partner-level Supplier,” Hall of Fame Supplier, and Supplier of the Year

Assembled Products, Inc has earned recognition as a Partner-level supplier for 2018, and was inducted into the Supplier Hall of Fame and Enterprise Supply Management Supplier of the Year in the John Deere Achieving Excellence Program. The Partner-level status is Deere & Company’s highest supplier rating. Hall of Fame status is given after a supplier attains a Partner-level rating for five consecutive years. The Urbandale-based company was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement. Company employees accepted the recognition during formal ceremonies held on April 16th in Davenport, IA.

Assembled Products, Inc is a supplier of Consolidation and Assembly Services to John Deere’s operation throughout North America.

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IFE Announces Newly Redesigned Website

IFE Americas recently announced the release of their newly updated website, saying:

"After a couple of months planning, we are delighted to announce the launch of our newly redesigned website.  We wanted a new website to better collaborate with our customers and distribution partners. We hope you like the fresh new look of the IFE Americas website, and the improved navigation that will allow you to find the product information you need quickly and easily."

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Würth Revcar Fasteners Celebrates 50th Anniversary

Würth Revcar Fasteners, Inc. is celebrating its 50th anniversary as a leading distributor of fasteners, industrial components and vendor-managed inventory. Original equipment manufacturers (OEMs) benefit from the completely transparent, data-driven vendor-managed inventory program of their fasteners and industrial components with Revcar.

On March 10 1969, Revcar, a regional fastener supply store, was founded by Jim Revercomb, Sr. and Jack Carter in Roanoke, Va. A couple of years into the venture, Carter left and Revercomb took over the entirety of the growing business. Looking to expand throughout Virginia, Revcar cultivated a customer base north and east of Roanoke. They opened another branch in Richmond, VA in 1983 to better serve these customers. Just five years later, it was recognized as a master distributor by top proprietary lines like ESNA, Greer, Tinnerman, Huck, Heyco, and others. During this time, Revcar began its foray into vendor-managed inventory, contracting with OEMs to provide their fasteners.

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Rotor Clip Product Spotlight: Flat Wire Single-Turn Wave Springs

Infographic: Single-Turn Wave Springs vs. Stamped Wave Washers

One of the most common questions our Engineering team gets is customers wanting to know the difference between Rotor Clip's Single-Turn Wave Springs and traditional Stamped Wave Washers.

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